RAUL3 made a great point inside 12631 this morning about Ford giving up all of its earnings gains, and then some. We know that Ford has been a monster and a solid leader in the market for a while now.
However, we are still talking about a major auto firm which has more then doubled since last summer. Thus, with this type of giveback immediately after a blowout earnings report, an argument can certainly be made that the stock has effectively priced in all knowable good news for the next few weeks.
The daily chart, below, is also becoming a bit too sloppy for my taste, despite obviously still being in an uptrend without any major technical damage done.
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yhoo same look + dan loeb sold 1400000$ of it
Dan the Man is sneaky.